EconPapers    
Economics at your fingertips  
 

Proces dezinflace v Československu a České republice v letech 1989 - 1999

The process of disinflation in Czechoslovakia and the Czech Republic in 1989 through to 1999

Karel Brůna ()

Politická ekonomie, 2001, vol. 2001, issue 1

Abstract: This paper deals with the process of disinflation in Czechoslovakia and the Czech Republic in 1989 through to 1999. It seems that pricing behaviour of microeconomic entities played a crucial role in the process of price level stabilization in this economy, because of direct effects of the company demand shock and variable sources and structure of such demand shock during disinflation stabilization program. The author emphasize aggregate demands character of the primary stabilization program, which was reflected in the large extent of pricing synchronization and high level of price level stabilization in the first months of 1991. On the contrary, the secondary disinflation program initially demonstrated high level of local demand shock and price level inertia, that was connected with the significant changes in relative prices in transition economy and real export of individual groups of goods and services.

Keywords: disinflation; demand shock; price level inertia; synchronization (search for similar items in EconPapers)
Date: 2001
References: Add references at CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://polek.vse.cz/doi/10.18267/j.polek.195.html (text/html)
free of charge

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:prg:jnlpol:v:2001:y:2001:i:1:id:195

Ordering information: This journal article can be ordered from
Redakce Politické ekonomie, Vysoká škola ekonomická, nám. W. Churchilla 4, 130 67 Praha 3
http://polek.vse.cz

DOI: 10.18267/j.polek.195

Access Statistics for this article

Politická ekonomie is currently edited by Jiřina Bulisová

More articles in Politická ekonomie from University of Economics, Prague Contact information at EDIRC.
Bibliographic data for series maintained by Stanislav Vojir ().

 
Page updated 2020-08-18
Handle: RePEc:prg:jnlpol:v:2001:y:2001:i:1:id:195